The Russian ruble fell today as the concerns about the global economic slowdown weakened crude oil — the main nation’s source of export revenue.
Greece’s Prime Minister George Papandreou said he’s going to put to a referendum the proposed plans for the bailout of the nation by other member of the European Union. A negative vote on the referendum may lead to a default. China’s Purchasing Managers’ Index fell to 50.4 in October from 51.2 in September, signaling about the slowdown of the Chinese economy and a possible decline of demand for fuel. Oil fell 1 percent to $92.30 per barrel in New York.
USD/RUB gained from 30.2305 to 30.7510 today as of 9:31 GMT.
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